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Viking Supply Ships

Capital/Financing Update Feb 8, 2022

3212_iss_2022-02-08_7ec3dd7d-2a08-4734-bf85-8cf23058d600.pdf

Capital/Financing Update

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Viking Supply Ships has entered into a contract for its four Ice classed AHTS vessels

Viking Supply Ships is pleased to announce the award of a seasonal contract with a major construction company for its four anchor handling tug supply (AHTS) vessels of 1A and 1A Super ice classes. The vessels will assist in a major industrial project in a harsh environment region in the summer of 2022 and 2023, with an option to extend operation for 2024.

The contract testifies that Viking Supply ships has a strong presence in the market for complex marine operations in the Arctic and harsh environment regions.

The contract covers 240 fixed days and up to 660 optional days. The estimated contract value for the fixed days, including mobilization and demobilization fees is MEUR 18.5.

For further information, please contact:

Trond Myklebust, CEO, ph. +47 95 70 31 78, e-mail [email protected] Morten G. Aggvin, CFO, ph. +47 41 04 71 25, e-mail [email protected]

BRIEFLY ABOUT VIKING SUPPLY

Viking Supply Ships AB is a world leading company within offshore and ice-breaking services, with activities primarily in Arctic and subarctic areas. The Company also has the operational and technical management for the five Swedish state owned ice-breakers (Swedish Maritime Administration). The Company's series B share is listed at Nasdaq Stockholm, Small Cap segment. www.vikingsupply.com.

This information is information that Viking Supply Ships AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-02-08 14:42 CET.

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Viking Supply Ships has entered into a contract for its four Ice classed AHTS vessels

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